Xeneta Archives - The Loadstar

‘Desperate’ GRIs by carriers prop up Asia-Europe spot rates, for now

Gavin van Marle — Fri, 01 Nov 2024 13:39:54 +0000

Container shipping lines on the main east-west trades this week managed to reverse 15 weeks of consecutive declines in spot freight rates by managing to push through a general rate increase on ex-Asia loadings.
This week’s Drewry World Container Index (WCI) saw the spot rate on the Shanghai-Rotterdam leg rise 8% week on week, to $3,396 per 40ft, while the Shanghai-Genoa leg grew 11%, to $3,648 per 40ft.
One European forwarder told ...

The post ‘Desperate’ GRIs by carriers prop up Asia-Europe spot rates, for now appeared first on The Loadstar.

Airfreight rates ex-Asia still rising, but ‘no drama’ in a better prepared market

Alex Lennane — Fri, 01 Nov 2024 12:55:12 +0000

Forwarders and data providers are reporting increasingly high airfreight rates out of Asia, expected to hit a new level at the end of November. But the market is not anticipating a ‘crazy’ peak.
Worldwide, air cargo spot rates rose 5% in the last week of October, from a week earlier, with origin Asia Pacific up 3%, Europe up 7% and Central and South America up 8% – although global tonnages remained ...

The post Airfreight rates ex-Asia still rising, but ‘no drama’ in a better prepared market appeared first on The Loadstar.

Insights for 2025 procurement planning

Alex Lennane — Mon, 28 Oct 2024 15:21:47 +0000

As procurement professionals gear up for the 2025 tender season, volatility in global ocean freight markets continues to present challenges.
When is the right time to sign the next long-term contract?
Which carrier do you work with, given the alliance reshuffle in 2025?
How can your strategy be impacted by disruptions such as strikes, wars and tariffs?
Should you focus on all corridors at once, or concentrate on those which are used to ship ...

The post Insights for 2025 procurement planning appeared first on The Loadstar.

Air cargo market enjoys some calm before an expected Q4 storm

Alex Lennane — Wed, 16 Oct 2024 11:48:36 +0000

It has been a quiet couple of weeks in airfreight, owing to China’s Golden Week.
Overall rates have edged lower, although are starting to rise again; some European freighter airlines cut capacity to China significantly over the holiday, but that is expected to change.
In North America, shippers had prepared for the east and Gulf coast port strikes by ensuring goods were already in place – discounting the need for emergency airfreighted ...

The post Air cargo market enjoys some calm before an expected Q4 storm appeared first on The Loadstar.

Capacity squeeze will ease as more newbuilds arrive, says Xeneta

Charlotte Goldstone — Tue, 15 Oct 2024 12:27:13 +0000

Additional tonnage being introduced to the ocean shipping market next year presents “an opportunity for shippers” to use the broad spectrum of carrier alliance strategies to their advantage.
In Xeneta’s 2025 ocean shipping forecast, the analytics platform says “a large-scale return to the Red Sea seems inconceivable at present”, but a partial return could be on the cards for some carriers.
Senior shipping analyst Emily Stausbøll advised: “This situation creates an ...

The post Capacity squeeze will ease as more newbuilds arrive, says Xeneta appeared first on The Loadstar.

Soaring airfreight rates see Dhaka cargo being moved via China

Bangladesh correspondent — Thu, 10 Oct 2024 12:17:45 +0000

Bangladeshi freight forwarders have started sending air cargo to the US west coast via China, as elevated airfreight rates elsewhere mean this is more cost-effective than using Middle East hubs.
As well as soaring rates out of Dhaka, forwarders have reported hubs in the Middle East as congested in recent weeks, particularly as regional tensions increase and airlines were forced to cancel flights.
Last month, Expo Freight, one of Bangladesh’s biggest forwarders, ...

The post Soaring airfreight rates see Dhaka cargo being moved via China appeared first on The Loadstar.

Tight capacity and rates surge could mean you must ‘pay to play’ in airfreight as strike continues

Alexander Whiteman — Wed, 02 Oct 2024 15:49:09 +0000

Airlines and forwarders will be asking if the potential short-term financial gains from today’s increased market volatility are worth jeopardising customer relations.
Releasing its September rates report two days into the largest strike to hit US east and Gulf coast ports in close to half a century, Xeneta notes that last month was the first this year in which airfreight did not experience a double-digit volume bounce.
And chief airfreight officer at ...

The post Tight capacity and rates surge could mean you must ‘pay to play’ in airfreight as strike continues appeared first on The Loadstar.

Shippers scrambling for alternatives as box lines divert from closed ports

Alex Lennane — Tue, 01 Oct 2024 12:22:42 +0000

Video footage of the 4,300 teu MSC Arushi R (pictured) departing Houston yesterday, sparsely loaded with just a few containers, could become one of the defining images of the first day of the ILA’s strike.
The vessel is deployed on MSC’s transatlantic North Europe-Mexico service, which does not normally feature a call in the US. However, the carrier appears to have tried to make a last-minute stop, before the midnight strike deadline, ...

The post Shippers scrambling for alternatives as box lines divert from closed ports appeared first on The Loadstar.

Strike disruption begins: ‘a frenzy’ to come with extra demand for airfreight

Alex Lennane — Mon, 30 Sep 2024 12:06:49 +0000

The US dockworker union ILA may only just have confirmed the east and Gulf coast port strike, but disruption is already happening – with shippers bracing for extra airfreight costs.
“Containers will be in the wrong spot, and shippers will have to deal with that,” said Niall van de Wouw, chief airfreight officer for Xeneta.
“Some have already pulled back freight they had dispatched. So they will need to supplement their stock ...

The post Strike disruption begins: ‘a frenzy’ to come with extra demand for airfreight appeared first on The Loadstar.

Scores of ships en route to USEC will be forced to wait out strike

Gavin van Marle — Thu, 26 Sep 2024 10:06:09 +0000

A prolonged strike on the US east and Gulf coasts could prove “toxic” to global container supply chains – and even if industrial action lasts only a few days, it is likely to have ramifications into 2025.
Xeneta chief analyst Peter Sand said today there were fears of a knock-on effect that ships being stuck at US east and Gulf coast anchorages waiting for a berth would have on the ability ...

The post Scores of ships en route to USEC will be forced to wait out strike appeared first on The Loadstar.